Stop Costing Your Company Money

Written by Bloomfire Admin

Would you be surprised to learn employee disengagement is costing the United States $370 billion annually due to productivity loss? It’s crazy to think that employees who hate their jobs are actually costing the US money. On a positive note, employees who love their jobs and who are highly engaged help save their company 5% in their respective departments. Bottom line, wake up your disengaged employees and figure out what lights their fire. If they are just a waste of space, get rid of them. Otherwise pep em’ up!

It’s easy as 1-2-3:

1.     It is more than just money. Give your employees recognition (not monetarily). Let them know they are doing a good job and shout it to the rooftop. Studies show, “69% of employees would work harder if they were better recognized for their performance and achievements”. Next time your employee does something phenomenal give them a standing ovation, not a raise.

2.     Build a meaningful relationship with your employees. Let them know you are a real person and not just their boss. Tell them about your weekend, kids, hobbies, or even invite them to happy hour. People who voluntarily leave their jobs are more than likely “not quitting the company, they’re quitting their boss”. Don’t be ‘that’ boss.

3.     Encourage informal learning to occur more often. Rather then tourturous formal training sessions with long power point presentations and ‘exciting’ guest speakers. Let them learn from one another informally, that is how 80% of on the job learning happens after all. So let it happen, it will allow employees to engage with one another.

Employee engagement derives from the culture the company creates. If the company creates a stifling environment then they shouldn’t expect much in the engagement department. Create a culture that gives your employees an opportunity to build meaningful relationships with their boss, make constant recognition a part of everyday life, and allow them to learn informally. Bloomfire allows employees to be a part of something great and supports informal learning, which encourages employee engagement. Try it FREE for 14 days and see if you can improve your employee engagement. It’s a challenge!

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